The following chart sorts the industries of the victim organizations by median loss. Although the banking and financial services, government and public administration, and manufacturing sectors had the highest number of fraud cases, they were not as severely impacted by the reported frauds as other industries. For example, only nine cases reported to us involved the mining industry, but those cases resulted in the largest median loss. Similar findings were noted in the real estate, construction, and oil and gas industries.
Industry of Victim Organizations (Sorted by Median Loss) Industry
Number of Cases
Mining
Percent of Cases
Median Loss
9
0.7%
$500,000
Real Estate
28
2.0%
$375,000
Construction
47
3.4%
$300,000
Oil and Gas
44
3.2%
$250,000
Banking and Financial Services
229
16.7%
$232,000
Manufacturing
139
10.1%
$200,000
Health Care
92
6.7%
$200,000
Transportation and Warehousing
36
2.6%
$180,000
Services (Other)
48
3.5%
$150,000
9
0.7%
$150,000
Communications and Publishing Other
7
0.5%
$150,000
Telecommunications
43
3.1%
$135,000
Services (Professional)
55
4.0%
$115,000
Agriculture, Forestry, Fishing and Hunting
20
1.5%
$104,000
141
10.3%
$100,000
Retail
83
6.1%
$100,000
Technology
38
2.8%
$100,000
Insurance
78
5.7%
$95,000
Religious, Charitable or Social Services
54
3.9%
$85,000
Arts, Entertainment and Recreation
32
2.3%
$71,000
Wholesale Trade
27
2.0%
$50,000
Utilities
24
1.8%
$38,000
Education
88
6.4%
$36,000
Government and Public Administration
For a more detailed examination of how fraud affects organizations in different industries, we also broke down illustrate this analysis for those industries for which more than 40 cases were reported to us.
Banking and Financial Services
Government and Public Administration
229 Cases
141 Cases
Number of Cases
Percent of Cases
Number of Cases
Percent of Cases
Corruption
83
36.2%
Cash on Hand
48
21.0%
Corruption
50
35.5%
Billing
33
23.4%
Cash Larceny
29
Billing
29
12.7%
Non-Cash
27
19.1%
12.7%
Skimming
25
Non-Cash
17.7%
24
10.5%
Expense Reimbursements
19
13.5%
Financial Statement Fraud
22
9.6%
Payroll
18
12.8%
Skimming
21
9.2%
Check Tampering
15
10.6%
Check Tampering
21
9.2%
Cash on Hand
12
8.5%
Expense Reimbursements
Scheme
Scheme
13
5.7%
Cash Larceny
10
7.1%
Register Disbursements
9
3.9%
Financial Statement Fraud
9
6.4%
Payroll
3
1.3%
Register Disbursements
4
2.8%
2012 Report to the Nations on Occupational Fraud and Abuse |
the cases within each industry by type of scheme and respective frequency of occurrence. The following charts
29